Critical Mineral Potential Identified At Greyhound Property

VANCOUVER - Metallis Resources Inc. has identified highly elevated antimony assays, significantly increasing the critical mineral potential of the Greyhound Property. The economics of critical minerals are supported by the US Infrastructure Act as demonstrated by recent high-profile moves from the U.S. Departments of Energy and Defense to finance the nearby Stibnite Mine which has significant antimony reserves and is owned by Perpetua Resources.

Fiore Aliperti, President and CEO commented, "In analyzing the historic work, the technical team has identified significant anomalous values of antimony as well as descriptions from previous operators of antimony sulfide (stibnite) observed within the mineralized zones.  Although the majority of the previous mining did not assay for antimony, a rock sampling program in 1976 returned grades that averaged 2.4% Sb from 12 samples. These historic samples ranged from 0.17% to 4.68% Sb and demonstrate highly enriched stibnite mineralization across the Property. For context, antimony prices have averaged between $5 and $6 USD per pound in the last 3 years making it approximately 1.2 times more valuable by weight than copper.”